--- title: House Passes Financial CHOICE Act description: The House has passed the Financial CHOICE Act, however the bill still must make its way through the senate. image: https://www.mortech.com/hubfs/2015_redesign/blog_images/2017/shutterstock_300487325.jpg --- [![Get my demo](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/25649/1c6fbee1-0d0c-4238-8485-13c8e3f73157.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/25649/1c6fbee1-0d0c-4238-8485-13c8e3f73157) [![mortech](https://www.mortech.com/hubfs/2015_redesign/mortech_logos/mortech_logo_white.png) ![mortech](https://www.mortech.com/hubfs/2015_redesign/mortech_logos/rings_logo_white.png) ](https://www.mortech.com/) # Mortech Blog # 855.298.9327 # House Passes Financial CHOICE Act Posted by [Lori Rezac](https://www.mortech.com/mortechblog/author/lori-rezac) on Jun 16, 2017 11:01:15 AM - [Tweet](https://twitter.com/share) ![lori_6-16-17.jpg](https://www.mortech.com/hs-fs/hubfs/lori_6-16-17.jpg?width=360&height=144&name=lori_6-16-17.jpg)With only a stop in the Senate before reaching the desk of President Trump, the Financial CHOICE Act has gained some momentum. The House passed the bill by a vote of 233-186, but Democrats and Republicans seem to be split on their support.   Introduced by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, the bill - short for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs - would abolish the Dodd-Frank Wall Street Reform and Consumer Protection Act with major ramifications to the Consumer Financial Protection Bureau (CFPB). The CFPB’s name would be changed to the Consumer Financial Opportunity Agency, an executive agency with a director that would be appointed and removed by the president. It looks like the bill may have a more difficult time passing the Senate as it has received only partisan support. Housingwire [notes ](https://www.housingwire.com/articles/40390-is-the-financial-choice-act-dead-on-arrival-in-the-senate)that a bill of this magnitude would need 60 votes or more, a filibuster-proof vote in the Senate. This would require Senate Democrats to vote in support of the act. This may be difficult as Democrats have worked hard to defend the Dodd-Frank Act and the CFPB. Hensarling has said he would be willing be break the bill into pieces to get as much of it on President Trump's desk as possible.   ![House passes Financial CHOICE Act](https://www.mortech.com/hubfs/2015_redesign/blog_images/2017/shutterstock_300487325.jpg "House passes Financial CHOICE Act") ### News & Events Get the latest Mortech product announcements, company updates, and mortgage news delivered to your inbox. ### Subscribe to email updates ### Recent Posts ### Posts by Topic - [Compliance (2)](https://www.mortech.com/mortechblog/topic/compliance) - [Mortgage Compliance (2)](https://www.mortech.com/mortechblog/topic/mortgage-compliance) - [Mortgage Technology Top 50 Service Provider (1)](https://www.mortech.com/mortechblog/topic/mortgage-technology-top-50-service-provider) - [mortgage hedging (1)](https://www.mortech.com/mortechblog/topic/mortgage-hedging) ### Demo [Products](https://www.mortech.com/solutions) [Mortgage Pricing Engine](https://www.mortech.com/mortgage-pricing-engine) [Predictive Analytics](https://www.mortech.com/customer-retention-with-mortech-protection) [Mortgage APIs](https://www.mortech.com/mortgage-apis) [Online Rate Quoting](https://www.mortech.com/online-automated-rate-quoting) [Secondary Marketing](https://www.mortech.com/secondary-marketing) [About Us](https://www.mortech.com/about-us) [Partners](https://www.mortech.com/partners) [Investors](https://www.mortech.com/investors) [Contact Us](https://www.mortech.com/about-us/contact-us) [Testimonials](https://www.mortech.com/testimonials) [News & Events](https://www.mortech.com/mortechnews) [Blog](https://www.mortech.com/mortechblog) [Conference Calendar](https://www.mortech.com/conference-calendar) Follow Us Contact Us [855.298.9327](tel:855.298.9327) [sales@mortech.com](mailto:sales@mortech.com) [support@mortech.com](mailto:support@mortech.com) [Terms of Use](https://www.zillowgroup.com/terms-of-use-privacy-policy/)    |     © 2026 Mortech, a Zillow Group business, All Rights Reserved